Flex Space with Truck
New
For Sale
$4,300,000
1504 S Tippecanoe Ave, San Bernardino, CA 92408
Flexible commercial layout supports retail, office, showroom, or mixed-use applications.
Property Size15,125 SF
Days on Market4
Property Features for 1504 S Tippecanoe Ave
General Information
Standard status
Active
Size
15,125 SF
Property subtype
Retail
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
4,500 SF
Amenities
Electric Roll-Up Doors
Exterior Truck Ramp
Prominent Signage Opportunities
Building Details
Building Size
15,125 SF
Year Built
2002
Buildings
1
Listing Agency:
Lee & Associates
Listed By:
Rick Lazar · License #CalDRE #00549349
(951) 276-3652
Source:
Lee-associates
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates
Investment Insights
Based on property information with market context.
This 2002 commercial building provides a flexible flex-space configuration with a 4,500-square-foot warehouse component. Clear height ranges from 18 to 20 feet, and three electric roll-up doors support warehouse operations. An exterior truck ramp accommodates access by full-size semi-trucks.
The property is located at 1504 S Tippecanoe Ave in San Bernardino, California. Its configuration can support retail, office, showroom, or mixed-use applications, with prominent signage opportunities identified along the building frontage. The combination of warehouse capacity, loading access, and adaptable commercial space offers a practical setup for businesses requiring both customer-facing and operational areas.
The property is located at 1504 S Tippecanoe Ave in San Bernardino, California. Its configuration can support retail, office, showroom, or mixed-use applications, with prominent signage opportunities identified along the building frontage. The combination of warehouse capacity, loading access, and adaptable commercial space offers a practical setup for businesses requiring both customer-facing and operational areas.
Key Highlights
- 4,500 SF warehouse area within a flexible commercial building
- 18'–20' clear height
- Three electric roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$204,540
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,090,800
$4.1M
Cap Rate 7%
$2,922,000
$2.9M
Cap Rate 9%
$2,272,667
$2.3M
Market Conditions
NOI Build-Up for 15,125 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$312.2K $20.64/SF
− Vacancy
−$20.0K −$1.32/SF
EGI
$292.2K $19.32/SF
− OpEx
−$87.7K −$5.80/SF
NOI
$204.5K $13.52/SF
Area
San Bernardino, CA
Vacancy
6.40%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,090,800
Cap Rate 7%
$2,922,000
Cap Rate 9%
$2,272,667
Alternative Uses
Best Use
Retail
$2.92M
$2.56M – $3.41M
NOI $204,540 @ 7.0% cap · market cap 4.76%
Second Best
Flex RnD
$2.82M
$2.46M – $3.28M
NOI $197,065 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$4.56M
$3.99M – $5.31M
NOI $318,859 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92408, CA
13,488
Population
4,403
Households
3.1
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
10.5 sq mi
ZIP Area
1,285
Density / Sq Mi
$63,696
Median Household Income
$32,122
Median Earnings
$1,314
Median Rent
$407,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial layout supports retail, office, showroom, or mixed-use applications.
Where is this flex space located?
The property is located at 1504 S Tippecanoe Ave San Bernardino, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 4,500 SF warehouse area within a flexible commercial building; 18'–20' clear height; Three electric roll‑up doors
